Optimize Financial Inc Purchases Shares of 5,633 Lineage, Inc. (NASDAQ:LINE)

Optimize Financial Inc purchased a new stake in Lineage, Inc. (NASDAQ:LINE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,633 shares of the company's stock, valued at approximately $330,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp bought a new stake in Lineage in the third quarter valued at about $211,000. State Street Corp bought a new position in shares of Lineage during the 3rd quarter worth approximately $113,483,000. Public Employees Retirement System of Ohio acquired a new position in Lineage during the third quarter worth $1,754,000. Barclays PLC bought a new position in shares of Lineage during the third quarter valued at $13,928,000. Finally, M&T Bank Corp acquired a new stake in shares of Lineage in the 3rd quarter valued at $356,000.

Lineage Stock Performance

LINE traded down $0.32 during trading on Tuesday, reaching $54.00. The company had a trading volume of 341,602 shares, compared to its average volume of 1,276,507. Lineage, Inc. has a 12 month low of $46.63 and a 12 month high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The business's fifty day moving average price is $57.10 and its 200 day moving average price is $62.35.

Lineage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a $0.5275 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a yield of 3.91%.

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Insider Buying and Selling

In other news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $60.50 per share, with a total value of $1,471,178.50. Following the transaction, the chairman now owns 24,317 shares in the company, valued at $1,471,178.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on LINE. JPMorgan Chase & Co. lowered shares of Lineage from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $78.00 to $75.00 in a research report on Friday, December 20th. Citigroup started coverage on Lineage in a report on Friday, March 28th. They issued a "neutral" rating and a $64.00 target price on the stock. Barclays assumed coverage on Lineage in a report on Wednesday, April 9th. They set an "overweight" rating and a $59.00 price target for the company. Royal Bank of Canada reduced their price objective on Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Piper Sandler lowered their target price on Lineage from $90.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $77.63.

Lineage Profile

Lineage, Inc is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.